Charity Registration No. 1174547
Company Registration No. 08858884 (England and Wales)
ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr William Law
Charity number 1174547 Company number 08858884 Registered office 9 The Junction Stourbridge DY8 4YD
Independent examiner
AGS Accountants & Business Advisors Limited Unit 1, Castle Court 2 Castlegate way Dudley West Midlands DY1 4RH
ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independent examiner's report | 2 - 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the accounts | 7 - 10 |
ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JANUARY 2024
The Trustees present their report and accounts for the year ended 31 January 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust deed, the Companies 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 2015)”
Objectives and activities
The charity's objectives are to preserve and protect the health of sufferers of mesothelioma asbestos related conditions and diseases and their families, dependants and carers by: providing or assisting in the provision of equipment, facilities and services not normally provided by the statutory authorities; Providing financial assistance, support and practical advice; advancing the education of the general public in all areas relating to mesothelioma asbestos related conditions and diseases.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The charity aims to meet its objectives by raising money through selling clothing that people have donated.
Achievements and performance
The charity has achieved donations totalling £29,669.
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a company limited by guarantee.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were: Mr William Law
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees report was approved by the Board of Trustees.
Mr William Law
Trustee Dated: 24 June 2024
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
I report to the Trustees on my examination of the financial statements of Asbestos Related Conditions-Allied Industrial Diseases (A CHARITABLE COMPANY LIMTED BY GUARANTEE) (the charity) for the year ended 31 January 2021.
Respective responsibilities of Trustees and examiner
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 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 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 2001 Act.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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(i) examine the accounts under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
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(a) 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
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3 the financial statements 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 financial statements 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)
(ii)
- (b) 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.
AGS Accountants & Business Advisors Limited
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
Certified Unit 1, Castle Court 2 Castlegate way Dudley West Midlands DY1 4RH
Dated: 24 June 2024
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 29,669 | 20,380 |
| Total income | 29,669 | 20,380 | |
| Expenditure on: | |||
| Charitable activities | |||
| Governance costs | 4 | 24,290 | 18,712 |
| Total expenditure | 24,290 | 18,712 | |
| Net income and movement in funds | 5,379 | 1,668 | |
| Reconciliation of funds: | |||
| Fund balances at 1 February 2023 | 6,052 | 4,384 | |
| Fund balances at 31 January 2024 | 11,431 | 6,052 |
The income statement has been prepared on the basis that all operations are continuing operations.
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024
| Notes Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Income funds Unrestricted funds |
2024 £ 124 12,387 12,511 1,080 |
£ 11,431 11,431 11,431 |
2023 £ - 7,060 7,060 1,008 |
£ 6,052 |
|---|---|---|---|---|
| 6,052 | ||||
| 6,052 |
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 board of directors and authorised for issue on 24 June 2024 and are signed on its behalf by:
Mr William Law
Trustee
Company Registration No. 08858884
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024
| 2024 Notes £ Cash flows from operating activities Cash generated from operations 11 Net cash used in investing activities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ £ 5,327 - - 5,327 7,060 12,387 |
£ 1,191 - - |
|---|---|---|
| 1,191 5,869 |
||
| 7,060 |
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
1 Accounting policies
Company information
Asbestos Related Conditions-Allied Industrial Diseases (A CHARITABLE COMPANY LIMITED BY GUARANTEE) is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 The Junction, Stourbridge, DY8 4YD.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the accounts, 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 accounts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
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 accounts.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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1.5 Resources expended
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024
1 Accounting policies
(Continued)
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
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.
1.7 Employee benefits
2 Donations and legacies
| Donations and gifts For the year ended 31 January 2023 |
2024 £ 29,669 |
2023 £ 20,380 |
|---|---|---|
| 20,380 |
3 Other trading activities
Total 2023 £ - For the year ended 31 January 2023
4 Expenditure on charitable activities
| Governance | Governance | |
|---|---|---|
| Cost | cost | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Share of support and governance costs (see note 5) | ||
| Governance | 24,290 | 18,712 |
| Analysis by fund | ||
| Unrestricted funds | 24,290 | 18,712 |
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024
| 5 Support costs Support costs Governance costs £ £ Legal and professional - 2,137 Rent and rates - 8,121 Sundry expense - 8,237 Motor running expenses - 1,138 Repairs and maintenance - 1,589 Light & Heat - 3,068 - 24,290 Analysed between Charitable activities - 24,290 7 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 8 Debtors Amounts falling due within one year: Prepayments and accrued income 9 Creditors: amounts falling due within one year Accruals and deferred income |
2024 £ 2,137 8,121 8,237 1,138 1,589 3,068 24,290 24,290 |
2023 Basis of allocation £ 1,270 Actual cost 8,247 Actual cost 2,395 Actual cost 1,276 Actual cost 3,031 Actual cost 2,493 Actual cost 18,712 18,712 2024 2023 £ £ 12,387 7,060 1,080 1,008 2024 2023 £ £ 124 - 2024 2023 £ £ 1,080 1,008 |
2023 Basis of allocation £ 1,270 Actual cost 8,247 Actual cost 2,395 Actual cost 1,276 Actual cost 3,031 Actual cost 2,493 Actual cost 18,712 18,712 2024 2023 £ £ 12,387 7,060 1,080 1,008 2024 2023 £ £ 124 - 2024 2023 £ £ 1,080 1,008 |
|---|---|---|---|
| 1,008 | |||
| 2023 £ - |
|||
| 2023 £ 1,008 |
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ASBESTOS RELATED CONDITIONS-ALLIED INDUSTRIAL DISEASES (A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024
| 11 Cash generated from operations Surplus for the year Movements in working capital: (Increase) in debtors Increase/(decrease) in creditors Cash generated from operations |
2024 £ 5,379 (124) 72 5,327 |
2023 £ 1,668 - (477) 1,191 |
|---|---|---|
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