ADVICE SUPPORT KNOWLEDGE INFORMATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS/TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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ADVICE SUPPORT KNOWLEDGE INFORMATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Reference and Administrative Information | 3 |
| Chair’s Report | 4 |
| Acknowledgement | 5 |
| Directors’ / Charity Trustees’ Report | 6-7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-16 |
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ADVICE SUPPORT KNOWLEDGE INFORMATION
REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
COMPANY NAME: ADVICE SUPPORT KNOWLEDGE INFORMATION
OTHER WORKING NAME: ASKI
COMPANY NUMBER: 08324877 CHARITY NUMBER: 1171343 DIRECTORS/TRUSTEES: MICHELLE FORD TAJEDA KELLY RIENNE CORBETT CHAIRMAN: M FORD CEO J JEFFERS REGISTERED OFFICE: 33 Brigstock Road Thornton Heath CR7 7JJ England BANKERS: SANTANDER
INDEPENDENT EXAMINER’S: Maroof Adeoye (MBA, DChA, FCIE, MInstF) Registered Charity Independent Examiner Community Benefit Action CIC 30 Union Road, Croydon CR0 2XU
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ADVICE SUPPORT KNOWLEDGE INFORMATION CHAIR’S & CEO’S REPORT FOR THE YEAR ENDED 31 MARCH 2023
CHAIR’S REPORT
Dear Board of Trustees, Volunteers, and Funders,
I am pleased to present the annual Chairs Report on behalf of our nonprofit organization that focuses on serving older people in our community. This report highlights the achievements, challenges, and plans of our organization as we continue to strive towards our mission of providing a wide range of services to older individuals.
Over the past year, our organization has successfully delivered a wide range of services to meet the needs of older people in our community. Our dedicated team of staff and volunteers have worked tirelessly to ensure that our services are accessible, inclusive, and of the highest quality. From providing health and wellness programs to offering social and recreational activities, we have made a significant impact on the lives of the older people we serve.
It is important to note that the demand for our services is increasing. As the population of older individuals continues to grow, so does the need for support and assistance. We have witnessed a steady rise in the number of individuals seeking our services, which reinforces the importance of our work. This increased demand is a testament to the trust and confidence that the community has placed in our organisation.
Our dedicated team has been actively working on various fundraising initiatives to meet the growing demand for our services. We have organized successful fundraising events, reached out to potential donors, and explored grant opportunities. While fundraising can be challenging, we remain committed to securing the necessary resources to continue delivering our vital services to the older people in our community.
I would like to take this opportunity to acknowledge and express our deepest gratitude to our Board of Trustees. Your guidance, expertise, and unwavering support have been instrumental in the growth and success of our organization. Your commitment to our mission and vision inspires us to reach new heights and make a lasting impact in the lives of older people.
I would also like to extend our heartfelt appreciation to our dedicated volunteers. Your selfless contributions of time, skills, and compassion have made a significant difference in the lives of the older individuals we serve. Your commitment and enthusiasm are invaluable, and we truly appreciate all that you do.
Lastly, I would like to express our sincere gratitude to our funders. Your generous support and belief in our mission have enabled us to continue providing vital services to older people in our community. We are grateful for your partnership and the trust you have placed in our organization. Your contributions have made a lasting impact on the lives of many.
Looking ahead, we remain committed to our mission of serving older people with compassion, dignity, and respect. We will continue to adapt and innovate to meet the evolving needs of the older population. We will work diligently to secure the necessary resources to expand our services and reach even more needy individuals.
In conclusion, I would like to thank every one of you for your dedication, support, and commitment to our organization. Together, we have achieved remarkable milestones, and I am confident that with our collective efforts, we will continue to make a positive difference in the lives of older people in our community.
Sincerely,
Michelle Ford Chair of the Board 30[th] January 2024
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ACKNOWLEDGEMENT
The continuation of ASKI would not be possible without the generous help of our funders and everyone connected with us. ASKI would like to thank the following funders for their generosity and continued support over the past 12 months:
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BBC Children In Need
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City of London
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Community Action Sutton
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Crowdfunder UK
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Croydon Council
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Ealing and Hounslow CVS
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Garfield Weston
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Groundwork UK
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Kickstart from SCC
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LBS Creditors
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Local Giving
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London Community
-
London Learning Centre LLC
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London Sport
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London Youth
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Mercers Trustee
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People's Health
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RUKBA/Independent Age
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Sport Unites
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The Church Urban
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The Health Forum
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The Kings Fund
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Trust for London
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Youth Isolation
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ADVICE SUPPORT KNOWLEDGE INFORMATION DIRECTORS’/CHARITY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Directors presents its report with the unaudited financial statements of the company for the year ended 31 March 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 10 December 2012 and registered as a charity on 27 January 2017. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association with resolution of alteration on 5 December 2016. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of Directors
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the charitable company may by ordinary resolution appoint a person who is willing to act to be a director; and determine the rotation in which any additional directors are to retire. All members of the Directors give their time voluntarily and received no benefits from the charitable company. Any expenses reclaimed from the charity are set out in note 12 to the accounts.
OBJECTIVES AND ACTIVITIES
Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are:
- a. To relieve poverty among people living in in Surrey and the surrounding areas by providing education, training, information, advice and support;
b. To promote social inclusion for the public benefit by preventing people from becoming socially excluded relieving the needs of those people who are socially excluded and assisting to integrate into society.
For this clause ‘socially excluded’ means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
Our main activities the provision of education, training, healthcare projects to relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage
ACHIEVEMENTS AND PERFORMANCE
Through our various activities as detailed above, ASKI was able to achieve the following:
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resolving issues surrounding many disadvantages and difficulties arising from, or which cause, the
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lack of financial or material resources;
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provides solutions to problems that is giving rise to poverty and preventing it from happening, such as
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poor health and nutrition, and low achievement in education and other areas of human development;
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direct public benefits in the area of reduction in crime and anti-social behaviour due to reduction in
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poverty;
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enable individuals to generate a sustainable income, be self-sufficient and bring the quality of life of
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the beneficiaries to a reasonable standard;
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alleviating social conditions that can lead to, or can be caused by poverty
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FINANCIAL REVIEWS
Against the backdrop of limited resources and insecurities over funding, the company, with the support of grant funders, donors, directors and volunteers, was able to minimize its net unrestricted funds to £1,501 surplus (2022: £9,349) and with its aid of sound financial management, the charitable company was able to cope without affecting its services and existence for the foreseeable future.
Policy on Reserves
The charity policy on reserves aim at building up free reserves to the level needed to cover up to three months operating expenditure by means of annual operating surpluses and supplemented by generalpurpose appeals from time to time. Any surplus funds which are not likely to be needed to pay for activities will be placed on deposit to earn interest. This Policy will be reviewed every other year, at minimum, or sooner if warranted by internal or external events or changes.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The directors are responsible for preparing the directors Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of the incoming resources and application of resources, including the income and expenditure of the charitable company, for the financial period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable United Kingdom 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 a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Directors is responsible for:
• keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and which enable them to ensure that the financial statements comply with the Companies Act 2006 and
- safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions for small companies under Part XV of the Companies Act 2006.
This report was approved by the Directors on 30 January 2024, and signed on their behalf by:
Tajeda Kelly Director
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ADVICE SUPPORT KNOWLEDGE INFORMATION INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2023
To the trustees/directors of ADVICE SUPPORT KNOWLEDGE INFORMATION
I report to the charity trustees/directors on my examination of the accounts of the charitable company for the year ended 31 March 2023, which are set out on pages 9 to 16.
Responsibilities and basis of report
As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Charity Independent Examiners (ACIE).
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Maroof Adeoye MBA DChA FCIE MInstF Registered Charity Independent Examiner Accman & Co Accountants Maroof Suite, 30 Union Road Croydon, Surrey. CR0 2XU
Date: 30 January 2024
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ADVICE SUPPORT KNOWLEDGE INFORMATION STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Funds Note £ Incoming resources from charitable activities Voluntary income 2 - Other incoming resources 3 6072 Total incoming resources 6072 Resources expended Costs of generating voluntary income - Charitable activities 4 2868 Governance 5 1703 Total resources expended 4571 Net incoming/(outgoing) resources 1501 Total funds brought forward 11833 Total funds carried forward 11 13334 |
Restricted Funds £ 219316 58819 278135 0 298097 0 298097 (19962) 21000 1038 |
2023 Total Funds £ 219316 64891 284207 - 300965 1703 302668 (18461) 32833 14372 |
2022 Total Funds £ 225528 39258 |
|---|---|---|---|
| 264786 | |||
| 0 237034 10348 |
|||
| 247382 | |||
| 17404 15429 |
|||
| 32833 |
All incoming resources are derived from continuing operations. The charitable company has no other gains or losses other than those recognised in the Statement of Financial Activities.
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ADVICE SUPPORT KNOWLEDGE INFORMATION BALANCE SHEET AS AT 31 MARCH 2023
| Note £ Fixed assets Tangible assets 6 8603 Investments (unlisted) 0 Current assets Debtors 7 4050 Cash at bank and in hand 8 4411 total current assets 8461 Current Liabilities Creditors: amounts falling due within one year 9 2692 Net current assets Total Net Assets The funds of the charity Unrestricted income funds 10 Restricted income funds 10 Total funds 11 |
2023 £ 8603 5769 14372 13334 1038 14372 |
2022 £ 11471 0 11471 4050 31107 |
|---|---|---|
| 35157 13795 |
||
| 21362 | ||
| 32833 | ||
| 11833 21000 |
||
| 32833 |
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities;
• The members have not required the company to obtain an audit of its accounts 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 to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small Companies regime.
This report was approved by the director on 30 January 2024, and signed on their behalf by:
Tajeda Kelly Director
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ADVICE SUPPORT KNOWLEDGE INFORMATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. Principal accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with: Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005 – Second Edition May 2008) and Financial Reporting Standard for Smaller Entities (FRSSE) (Effective April 2008); the Charities Act 2011 and Charities (Accounts and Reports) Regulations 2008; the Companies Act 2006.
Incoming resources
All material incoming resources have been included in the Statement of Financial Activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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Costs of generating funds comprise the costs associated with attracting voluntary income.
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Fundraising trading costs comprise costs of trading activities which are specifically to raise income for the charity.
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Charitable expenditure comprises those costs incurred by the company in the delivery of its activities for its
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beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs associated with meeting the constitutional and statutory requirements of
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the company.
Taxation
The company is exempt from Corporation Tax on its charitable activities
Funds accounting
Incoming resources that may be applied for charity's purposes are treated as unrestricted' incoming resources and are credited to theunrestricted funds'. Where a donation or grant is required to be used for a specified purpose, the amount concerned is treated as a restricted' incoming resources and is credited to the appropriaterestricted fund'.
Fixed assets and depreciation
All tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Equipment is written down using reducing balance method of depreciation over their estimated useful economic lives.
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2. Incoming resources from charitable activities – Voluntary income
| Unrestricted Funds £ Arnold Clark Autom - BBC Children In Need - City of London - Community Action Sutton - Crowdfunder UK - Croydon Council AP - Ealing and Hounslow CVS - Garfield Weston - GLA Build STG - Rocket Science UK - GLA Sport Unites - Groundwork UK - Kickstart from SCC - L&Q Place Makers - LBS Creditors - Local Giving - London Community - London Learning Centre LLC - London Sport - London Youth - Lottery Fund - Mercers Trustee - People's Health - PWC Foundation - RUKBA/Independent Age - Sport Unites - The Church Urban - The Health Forum - The Kings Fund - ThomasWall Grants - Trust for London - Youth Isolation - 0 3. Other Incoming Resources Unrestricted Funds £ Appeals and donation 6072 Fees and supplies Membership Fees Project/Events Income Other income 0 6072 |
2023 Restricted Total Funds Funds £ £ 1000 1000 43027 43027 9688 9688 6500 6500 - 5755 5755 - - 8748 8748 2000 2000 1404 1404 - 6824 6824 - 500 500 34499 34499 20871 20871 - 5500 5500 8474 8474 - 9786 9786 7500 7500 - - - 6140 6140 2000 2000 5000 5000 34100 34100 - - |
2022 Total Funds £ 9704 15,625.00 12,641.00 3,012.07 21,465.50 675 15000 8,173.75 33,000.00 500.00 20,884.00 2,889.00 468.75 4,500.00 20,000.00 6,990.00 7,500.00 8,000.00 11,000.00 9,200.00 150.00 11,000.00 3,150.00 |
||
|---|---|---|---|---|
| 219316 219316 |
225528 | |||
| 2023 Restricted Total Funds Funds £ £ - 6072 32063 32063 8480 8480 7176 7176 11100 11100 |
2022 Total Funds £ 6072 64126 16960 39258 126416 |
|||
| 58819 64891 |
- Other Incoming Resources
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4. Resources Expended – Charitable Activities Resources Expended – Charitable Activities
| Unrestricted Funds £ Training Consultancy Advertisements-Publicity/Advt&Prom Professional Fees-Act/Legal&Prof Telephone/Fax/WebDial Travel-Motor expenses Bank Charges Refreshment 0 Admin-Printing/Postages/Stationery Rent/Venue Hire Volunteers Expenses Employment Costs - AGM Costs-Bank Interest& Charges Project/Activities & Materials IT Costs Insurance TutionFees/Ethnic H&C/Materials Depreciation 2868 Other costs - 2868 |
Restricted Funds £ 0 8883 0 2889 0 109 128430 0 4450 86674 62643 0 4018 0 0 298097 |
2023 Total Funds £ 0 8883 0 2889 0 109 128430 0 4450 86674 62643 0 4018 2868 0 0 |
2022 Total Funds £ 10667 648 86341 2109 4265 706 18368 9900 79848 26388 100 3824 4218 |
|---|---|---|---|
| 300965 | 247382 |
5. Resources Expended – Governance
| Unrestricted Funds £ Accountancy 1703 Other professional fees 0 1703 |
2023 Restricted Total Funds Funds £ £ 0 1703 0 - |
2022 Total Funds £ 1525 8823 |
|---|---|---|
| 0 1703 |
10348 |
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6. Tangible Fixed Assets
| Cost At 1 April 2022 Additions Disposals Revaluations Transfers At 31 March 2023 Depreciation At 1 April 2022 Charge for year Disposals Other adjustments At 31 March 2023 Net book value At 31 March 2023 At 31 July 2022 |
Plant & Office Motor Machinery Equipment Vehicles £ £ £ - - 20,394 - - - - - - - - - - - - - - 20,394 - - 8,923 2,868 - - - - - - - - 11,791 - - 8,603 - - 11,471 |
2023 Total £ 20,394 - - - - 20,394 8,923 2,868 - - 11,791 8,603 11,471 |
2022 Total £ 20,394 - - - - 20394 5,099 3,824 - - |
|---|---|---|---|
| 8923 | |||
| 11471 | |||
| 15295 |
7. Debtors
| Rent - Refundable Deposit Other debtors - Accruals 8. Cash at bank and in hand Santander account Cash in hand 9. Creditors Creditors - Funds Accrued Accountancy Other creditors - Accruals |
2023 £ 4050 0 4050 2023 £ 4411 0 4411 2023 £ 1167 1525 0 2692 |
2022 £ 4050 0 |
|---|---|---|
| 4050 | ||
| 2022 £ 31107 0 31107 2022 £ 12270 1525 0 |
||
| 13795 |
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10. Movements in funds
| Unrestricted funds Charity's fund Total Unrestricted Funds Restricted funds Grants: Arnold Clark Autom BBC Children In Need City of London Community Action Sutton Croydon Council AP Garfield Weston GLA Build STG - Rocket Science UK GLA Sport Unites Groundwork UK L&Q Place Makers LBS Creditors Local Giving London Community London Learning Centre LLC London Youth Lottery Fund Mercers Trustee People's Health PWC Foundation The Health Forum The Kings Fund ThomasWall Grants Trust for London Sundries Total Restricted Funds TOTAL FUNDS |
Opening balance £ 11833 11833 0 0 0 0 0 5000 0 0 0 0 6000 0 5000 0 0 0 3000 0 0 0 0 0 2000 0 21000 32833 |
Incoming resources £ 6072 6072 1000 43027 9688 6500 5755 8748 2000 1404 6824 500 34499 20871 5500 8474 9786 7500 6140 2000 5000 34100 58819 278135 284207 |
(Resources expended) £ 4571 4571 1000 43,027.00 9,688.00 6,500.00 5755 5000 8748 2000 1404 6,824.00 6,000.00 500.00 39499 20,871.00 5,500.00 8,474.00 3,000.00 9,786.00 7,500.00 6140 2000 5000 36100 57781 298097 302668 |
Transfers £ - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Closing balance £ 13334 |
|---|---|---|---|---|---|
| 13334 | |||||
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1038 |
|||||
| 1038 | |||||
| 14372 |
11. Analysis of net assets by fund
| Cash at bank and in hand Other net assets (liabilities) |
Unrestricted funds £ 0 3373 9961 13334 |
Restricted funds £ 0 1038 1038 |
2023 2022 Total Total funds funds £ £ 0 0 4411 31107 9961 1726 14372 32833 |
|---|---|---|---|
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12. Trustee Remuneration & Related Party Transactions
No member of the directors received any remuneration during the year. No Trustee or other person related to the charity had any personal interest in any contract or transaction entered by the charity during the year.
13. Taxation
As a charity, Advice Support Knowledge Information (ASKI), is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
14. Control
The ultimate controlling parties are the directors as listed in the information and page.
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