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|Trustees:|ClaudeAmar, Chair|
|---|---|
||Anne Amar|
||NeilSchiff|
|Company number:|10766372|
|Gharity number:|1174669|
|Registered office:|23WykehamRoad, Hendon, London NW4 2TB|
|Auditors:|GoldwinsLimited|
||75 MaygroveRoad|
||WestHampstead|
||LondonNWO2EG|
||wmry.qoldwins.co.uk|
|Bankers|Barclays BankPlc,|
||Business Direct|
||Leicester, LE8728B|
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28 March 2023
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|ANEINULIMITED
Statementoffinancialactivities
(incorporating anincome and expenditure
Fortheyear ended3{stMaY2022|accoun|t)||
|---|---|---|---|
||||2022
20?\|
||UnrestrietedRestricted
Note€
e||Total
Total
rt|
|lncomefrom:
Donations andlegacies|2|'l13,960|113.950|
|Total income||113,960|11|
|Expenditureon:
Charitable activities|3|1,031,015|r.031.015716,674|
|Total expenditure
Net(expenditure)/incomebeforenetgains /
(losses) on investrnents|s|1,031.015
(917,055)|t,031,0{5
716,674
(9{7,055}(716,674)|
|Netgains/(losses) on investments
Totalnetgainsl(losses) on investments||384,436
(532,619)|384.436
(532,61S)(716,674)|
|Netincomel(expenditure)fortheyear||||
|Transfersbetweenfunds||||
|Netincomel(expenditure)beforeother||(532,619)||
|recognisedgainsandlosses||||
|Reconciliationoffunds:
Totalfundsbroughtforward||6,470,743|6,470,743.7,187,417|
|Totalfundscarriedforward|10|124|1246,470,743|
##
**Statement of cash flows For the year ended 31st May 2022**
## **ANEINU LIMITED**
|**ANEINU LIMITED**
**For theyear ended 31st May 2022**
**Statement of cash flows**||||
|---|---|---|---|
|**Note**
**Cash flows from operating activities:**
Net cash provided by / (used in) operating activities
**12**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
Gains/(losses) on foreign exchange revaluations
Sale/ (purchase) of investments
**8**
**Cash provided by / (used in) investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**13**|**2022**
**£**
**-**
**1,130**
**553,313**|**2022**
**2021**
**£**
**£**
**(920,145)**
-
(106,589)
(4,966,825)
**554,443**
**(365,702)**
**1,507,878**
**1,142,176**|**2021**
**£**
(233,285)
(5,073,414)|
||||(5,306,699)
6,814,577|
||||1,507,878|
Page | 10
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **1 Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **b) Going concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
## **d) Donations of gifts, services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **f) Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
Page | 11
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **1 Accounting policies (continued)**
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
- Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
- Expenditure on charitable activities includes the costs of delivering services,and other activities undertaken to further the purposes of the charity and their associated support costs.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 4.
## **i) Operating leases**
Rental charges are charged on a straight line basis over the term of the lease.
## **j) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **k) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **m) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **r) Foreign currency transactions**
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Monetary assets and liabilities are translated into sterling at rates of exchange ruling at the balance sheet date. Exchange gains and losses are recognised in the Statement of Financial Affairs.
Page | 12
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **2 Income from donations and legacies**
|**2 Income from donations and legacies**|||
|---|---|---|
|Gifts and donations
**3 Analysis of expenditure**
Basis of
allocation
Charitable donations
Direct
Foreign exchange (gains) / losses
Direct
Bank interest
Administrater costs
Bank charges
Direct
Audit fees
Direct
Support costs
Governance costs
**Total expenditure 2022**|**2022**
**2021**
Unrestricted
Restricted
**Total**
**Total**
£
£
**£**
**£**
113,960
-
**113,960**
-
113,960
-
**113,960**
-
Charitable
activities
Support
costs
Governance
costs
**2022 total**
**2021 total**
£
£
£
**£**
**£**
1,018,486
-
-
**1,018,486**
589,796
-
(1,130)
-
**(1,130)**
106,589
-
46
-
**46**
4,936
-
4,139
-
**4,139**
12,140
-
7,474
-
**7,474**
1,413
-
-
2,000
**2,000**
1,800|**2022**
**2021**
Unrestricted
Restricted
**Total**
**Total**
£
£
**£**
**£**
113,960
-
**113,960**
-|
|||113,960
-
**113,960**
-|
||1,018,486
10,529
2,000
**1,031,015**
716,674
10,529
(10,529)
-
-
**-**
2,000
-
(2,000)
-
**-**||
||1,031,015
**-**
**-**
**1,031,015**
716,674||
All the expenditure was unrestricted.
Charitable donations are to institutions for educational purposes or for the relief of poverty.
Page | 13
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **4 Analysis of expenditure (previous year for comparison)**
|Basis of
allocation
Charitable donations
Direct
Exchange loss
Direct
Bank interest
Administrator costs
Bank charges
Direct
Audit fees
Direct
Support costs
Governance costs
**Total expenditure 2021**|£
-
-
-
-
-
-
-
-
-
**-**
Cost of
raising
funds|Charitable
activities
£
589,796
-
-
-
-
-
589,796
125,078
1,800
**716,674**|Support
costs
£
£
-
-
106,589
-
4,936
-
12,140
-
1,413
-
-
1,800
125,078
1,800
(125,078)
-
-
(1,800)
**-**
**-**
Governance
costs|**2021**
**£**
**589,796**
**106,589**
**4,936**
**12,140**
**1,413**
**1,800**|
|---|---|---|---|---|
|||||**716,674**
**-**
**-**|
|||||**716,674**|
All expenditure was unrestricted
Charitable donations are to institutions for educational purposes.
Page | 14
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **5 Net income / (expenditure) for the year**
|This is stated after charging / (crediting):
Auditor's remuneration
Foreign exchange (gains) / losses|**2022**
£
**1,667**
**(1,130)**|**2021**
**£**
1,500
106,589|
|---|---|---|
**6 Taxation** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **7 Debtors**
|**Debtors**|||
|---|---|---|
|Accrued income|**2022**
£
-|**2021**
**£**
-|
||-|-|
**8. Investments**
|Investment in Gold Bullion
**Movements**
Market value at the start of the year
Additions at cost
Disposals at carrying value
Net gain / (loss) on revaluation
Market value at the end of the year
**9**
**Creditors: amounts falling due within one**
Accruals
**10**
**Analysis of net assets between funds**
Net current assets
**Net assets at the end of the year**
**11**
**Movements in funds**
£
**Unrestricted funds:**
**General funds**
6,470,743
**Total unrestricted funds**
6,470,743
**Total funds**
6,470,743
**As at 1**
**June 2021**|Investment in Gold Bullion
**Movements**
Market value at the start of the year
Additions at cost
Disposals at carrying value
Net gain / (loss) on revaluation
Market value at the end of the year
**9**
**Creditors: amounts falling due within one**
Accruals
**10**
**Analysis of net assets between funds**
Net current assets
**Net assets at the end of the year**
**11**
**Movements in funds**
£
**Unrestricted funds:**
**General funds**
6,470,743
**Total unrestricted funds**
6,470,743
**Total funds**
6,470,743
**As at 1**
**June 2021**|**year**
General
unrestricted
£
5,938,124|Designated
£
-|**4,797,948**|4,966,825|
|---|---|---|---|---|---|
|||||**4,797,948**|4,966,825|
|||||**4,966,825**
**-**
**(553,313)**
**384,436**|4,966,825
-
-
-|
|||||**4,797,948**|4,966,825|
|||||**2022**
**£**
**2,000**|**2021**
**£**
3,960|
|||||**2,000**|3,960|
|||||Restricted
£
-|**Total funds**
**£**
**5,938,124**|
|||5,938,124|-|-|**5,938,124**|
|||£
498,396
Income|£
1,031,015
Expenditure|Transfers
£
-|**£**
**5,938,124**
**At 31 May**
**2022**|
||6,470,743|498,396|1,031,015|-|**5,938,124**|
|||||||
||6,470,743|498,396|1,031,015|-|**5,938,124**|
Page | 15
**ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2022**
## **12 Reconciliation of net income / (expenditure) to net cash flow from operating activities**
|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Interest, rent and dividends from investments
(Gains)/losses on investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**13**
**Analysis of cash and cash equivalents**
£
Cash at bank and in hand
1,107,227
Deposits (less than three months)
400,650
**Total cash and cash equivalents**
1,507,877
**At 1 June**
**2021**|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Interest, rent and dividends from investments
(Gains)/losses on investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**13**
**Analysis of cash and cash equivalents**
£
Cash at bank and in hand
1,107,227
Deposits (less than three months)
400,650
**Total cash and cash equivalents**
1,507,877
**At 1 June**
**2021**|Cash flows
£
-
(365,701)|**2022**
**£**
**(532,619)**
**-**
**(385,566)**
**-**
**(1,960)**|**2021**
**£**
(716,674)
-
106,589
375,000
1,800|
|---|---|---|---|---|
||||**(920,145)**|(233,285)|
||||£
-
-
Other changes|**£**
**1,107,227**
**34,949**
**At 31 May**
**2022**|
||1,507,877|(365,701)|**-**|**1,142,176**|
## **14 Legal status of the charity**
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £10 in the event of the charity being wound up.
## **15 Related party transactions**
During the year the trustees made donations to the charity of £113,960 (2021 £nil).
Page | 16