REGISTERED CHARITY NUMBER: 1172663
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
CLAPTON SUPPORT AND ADVICE
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
CLAPTON SUPPORT AND ADVICE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Statement of Cash Flows | 6 | ||
| Notes to the Statement of Cash Flows | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
CLAPTON SUPPORT AND ADVICE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 advancement of the education and education in general, relief of poverty, sickness and infirmity.
History, vision and activities
The charity was established in 2017 solely to help those less fortunate. This includes numerous families living in the deprived boroughs of Hackney and Haringey that are severely affected by poverty, illness and infirmity which detrimentally affects their wellbeing and that of their children.
The charity offers intensive yet practical support for such parents and children so that their outcomes are improved. We distribute food, clothing and other necessities to alleviate their poverty. The parents learn to identify and face their challenges through counselling and financial capabilities classes bestowing them with the skills and confidence to sustain positive changes and lead fulfilling productive lives. We also empower parents and young people through the provision of training courses which increases their knowledge, skill and qualifications and opens new pathways to sustainable employment. We likewise provide struggling children and young people with empowering social and skills-building opportunities.
Public benefit
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.
Grantmaking
Grants are made at the discretion of the trustees and in accordance with the objectives of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity received donations totalling £961,209 (2022: £689,140) and spent £981,191 (2022: £683,009) in the interest of relieving the poverty of individuals and families through the provision of food, clothing, and other charitable activites. The charity was also involved in providing support and advice to individuals in need of such services.
FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity. The charity has total reserve funds of £2,752 (2022: £24,174) as at the balance sheet date.
FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue and expand on its activities for the foreseeable future.
In the upcoming year, our charity is embarking on an journey to expand our outreach and impact. Our primary focus will be on increasing the scope of our existing services, extending our support to a greater number of beneficiaries in need.
Additionally, we aim to secure the necessary funding that will enable us to establish a dedicated training center where a wider range of courses will be offered to empower individuals with essential skills and knowledge for better employment opportunities.
Moreover, recognizing the importance of emotional and social support, we are introducing further support groups tailored to the unique needs of disadvantaged individuals. These initiatives underscore our commitment to fostering positive change within our community and uplifting those facing adversity.
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CLAPTON SUPPORT AND ADVICE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.
Safeguarding and Child Protection
Rigorous Child Protection and Safeguarding policies and procedures protect the welfare of the children and young people in our care.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1172663
Principal address
87 Craven Park Road London N15 6AH
Trustees
M M Grossman I G Schwartz M Gross
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 11 October 2024 and signed on its behalf by:
M M Grossman - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLAPTON SUPPORT AND ADVICE
Independent examiner's report to the trustees of CLAPTON SUPPORT AND ADVICE
I report to the charity trustees on my examination of the accounts of CLAPTON SUPPORT AND ADVICE (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
M A VENITT, A.C.A
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
11 October 2024
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CLAPTON SUPPORT AND ADVICE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 906,393 EXPENDITURE ON Charitable activities 3 Relief of poverty 924,241 Other 1,440 Total 925,681 NET INCOME/(EXPENDITURE) (19,288) RECONCILIATION OF FUNDS Total funds brought forward 21,127 TOTAL FUNDS CARRIED FORWARD 1,839 |
Restricted fund £ 54,816 56,950 - 56,950 (2,134) 3,047 913 |
31.12.23 31.12.22 Total Total funds funds £ £ 961,209 689,140 981,191 683,009 1,440 1,080 982,631 684,089 (21,422) 5,051 24,174 19,123 2,752 24,174 |
31.12.23 31.12.22 Total Total funds funds £ £ 961,209 689,140 981,191 683,009 1,440 1,080 982,631 684,089 (21,422) 5,051 24,174 19,123 2,752 24,174 |
|---|---|---|---|
| 683,009 1,080 |
|||
| 684,089 | |||
| 5,051 19,123 |
|||
| 24,174 |
The notes form part of these financial statements
Page 4
CLAPTON SUPPORT AND ADVICE
STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 9 | 1,345 | - | 1,345 | 1,582 | |
| CURRENT ASSETS | ||||||
| Debtors | 10 | - | - | - | 7,290 | |
| Cash at bank | 58,673 | 1,942 | 60,615 | 22,041 | ||
| 58,673 | 1,942 | 60,615 | 29,331 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 11 | (58,179) | (1,029) | (59,208) | (6,739) | |
| NET CURRENT ASSETS | 494 | 913 | 1,407 | 22,592 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 1,839 | 913 | 2,752 | 24,174 | ||
| NET ASSETS | 1,839 | 913 | 2,752 | 24,174 | ||
| FUNDS | 13 | |||||
| Unrestricted funds | 1,839 | 21,127 | ||||
| Restricted funds | 913 | 3,047 | ||||
| TOTAL FUNDS | 2,752 | 24,174 |
The financial statements were approved by the Board of Trustees and authorised for issue on 11 October 2024 and were signed on its behalf by:
M M Grossman - Trustee
I G Schwartz - Trustee
The notes form part of these financial statements
Page 5
CLAPTON SUPPORT AND ADVICE
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 37,545 | 3,641 |
| Net cash provided by operating activities | 37,545 | 3,641 | |
| Cash flows from financing activities | |||
| New loans in year | - | (1) | |
| Net cash provided by/(used in) financing activities | - | (1) | |
| Change in cash and cash equivalents in | |||
| the reporting period | 37,545 | 3,640 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 2 | 22,041 | 18,401 |
| Cash and cash equivalents at the end of | |||
| the reporting period | 2 | 59,586 | 22,041 |
The notes form part of these financial statements
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | |||
|---|---|---|---|
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Net (expenditure)/income for the reporting period (as per the | |||
| Statement of Financial Activities) | (21,422) | 5,051 | |
| Adjustments for: | |||
| Depreciation charges | 237 | 280 | |
| Decrease/(increase) in debtors | 7,290 | (7,290) | |
| Increase in creditors | 51,440 | 5,600 | |
| Net cash provided by operations | 37,545 | 3,641 | |
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Notice deposits (less than 3 months) | 60,615 | 22,041 | |
| Overdrafts included in bank loans and overdrafts falling due within one year | (1,029) | - | |
| Total cash and cash equivalents | 59,586 | 22,041 |
3. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.23 | Cash flow | At 31.12.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 22,041 | 38,574 | 60,615 |
| Bank overdraft | - | (1,029) | (1,029) |
| 22,041 | 37,545 | 59,586 | |
| Total | 22,041 | 37,545 | 59,586 |
The notes form part of these financial statements
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the costs of Trustee meetings and the preparation of the statutory accounts.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
Taxation
The charity is exempt from 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.
continued...
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. DONATIONS AND LEGACIES
| Donations 3. CHARITABLE ACTIVITIES COSTS Relief of poverty 4. GRANTS PAYABLE Relief of poverty 5. SUPPORT COSTS Other resources expended Relief of poverty |
Direct Costs £ 837,597 |
31.12.23 £ 961,209 Grant funding of activities Support (see note costs (see 4) note 5) £ £ 143,357 237 31.12.23 £ 143,357 Governance Other costs £ £ - 1,440 237 - 237 1,440 |
31.12.22 £ 689,140 |
31.12.22 £ 689,140 |
|---|---|---|---|---|
| Totals £ 981,191 |
||||
| 31.12.22 £ 138,247 |
||||
| Totals £ 1,440 237 1,677 |
||||
| 1,677 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.23 | 31.12.22 | |
|---|---|---|
| Employees | 1 | 1 |
No employees received emoluments in excess of £60,000.
continued...
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 636,302 EXPENDITURE ON Charitable activities Relief of poverty 628,034 Other 1,080 Total 629,114 NET INCOME/(EXPENDITURE) 7,188 RECONCILIATION OF FUNDS Total funds brought forward 13,939 TOTAL FUNDS CARRIED FORWARD 21,127 9. TANGIBLE FIXED ASSETS COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Restricted fund £ 52,838 54,975 - 54,975 (2,137) 5,184 3,047 |
Total funds £ 689,140 |
|---|---|---|
| 683,009 1,080 |
||
| 684,089 | ||
| 5,051 19,123 |
||
| 24,174 | ||
| Fixtures and fittings £ 2,190 608 237 845 1,345 1,582 |
continued...
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 12) Other creditors 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 13. MOVEMENT IN FUNDS At 1.1.23 £ Unrestricted funds General fund 21,127 Restricted funds Restricted fund 3,047 TOTAL FUNDS 24,174 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 906,393 Restricted funds Restricted fund 54,816 TOTAL FUNDS 961,209 |
31.12.23 31.12.22 £ £ - 7,290 31.12.23 31.12.22 £ £ 1,029 - 58,179 6,739 59,208 6,739 31.12.23 31.12.22 £ £ 1,029 - Net movement At in funds 31.12.23 £ £ (19,288) 1,839 (2,134) 913 (21,422) 2,752 Resources Movement expended in funds £ £ (925,681) (19,288) (56,950) (2,134) (982,631) (21,422) |
|---|---|
continued...
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.22 £ Unrestricted funds General fund 13,939 Restricted funds Restricted fund 5,184 TOTAL FUNDS 19,123 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 636,302 Restricted funds Restricted fund 52,838 TOTAL FUNDS 689,140 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.22 £ Unrestricted funds General fund 13,939 Restricted funds Restricted fund 5,184 TOTAL FUNDS 19,123 |
Net movement At in funds 31.12.22 £ £ 7,188 21,127 (2,137) 3,047 5,051 24,174 Resources Movement expended in funds £ £ (629,114) 7,188 (54,975) (2,137) (684,089) 5,051 Net movement At in funds 31.12.23 £ £ (12,100) 1,839 (4,271) 913 (16,371) 2,752 |
|---|---|
continued...
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CLAPTON SUPPORT AND ADVICE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,542,695 | (1,554,795 ) | (12,100) |
| Restricted funds | |||
| Restricted fund | 107,654 | (111,925) | (4,271) |
| TOTAL FUNDS | 1,650,349 | (1,666,720 ) | (16,371) |
14. RELATED PARTY DISCLOSURES
During the period under review the charity received donations that amounted to £16,960 from Support For All. The charity and Support For All share a common trustee.
Page 13