Aneinu Limited
(A Company Limited by Guarantee)
Company No. 10766372 Charity No. 1174669
Report and financial statements
For the year ended
31 May 2023
Aneinu Limited Report and financial statements For the year ended 31 May 2023
| Contents | |
|---|---|
| Page | |
| Reference and administrative information | 1 |
| Trustees’ annual report | 2 - 4 |
| Independent auditors' report | 5 - 7 |
| Statement of financial activities | 8 |
| (incorporating an income and expenditure account) | |
| Balance sheet | 9 |
| Statement of cash flows | 10 |
| Notes to the financial statements | 11 - 16 |
Aneinu Limited Report and financial statements For the year ended 31 May 2023
Trustees: Claude Amar, Chair Anne Amar Neil Schiff Company number: 10766372 Charity number: 1174669 Registered office: 23 Wykeham Road, Hendon, London NW4 2TB Auditors: Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG www.goldwins.co.uk Bankers Barclays Bank Plc, Business Direct Leicester, LE87 2BB
Page | 1
Aneinu Limited Report and financial statements For the year ended 31 May 2023
The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 May 2023.
The trustees confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.
Objectives and activities
Purposes and aims
The objectives of the Charity are to:
-
advance the education advancing the life-skills of young people
-
relieve poverty and financial hardship
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relieve sickness and preserve health
-
relieve children suffering from life threatening illness
Public benefit
The trustees acknowledge the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance on public benefit. All activities undertaken by the group are for the public benefit
Achievements and performance
The Charity received donations during the year of £Nil (2022 £113,960) having established a suitable fund for charitable purposes in previous years.
The trustees made 34 (2022: 32) grants in the year totalling £697,607 (2022, £1,018,486) and meet regularly to consider applications and requests for support.
Financial review
The Charity recorded a net deficit of £332,368 (2022: deficit of £532,619) during the year under review and as at 31 May 2023 had net assets of £5,605,756 (31 May 2022: £5,938,124).
The Trustees aim to achieve a secure rate of return for the deposits being held and potentially to solicit further donations to help grow its charitable activities and support.
In order to protect the assets of the charity from the volatility of foreign exchange variations, the trustees decided in 2021 to transfer a significant portion of its free reserves to a holding of gold bullion. This investment decision benefited the charity by an exchange gain of £371,479 (2022, £384,436) during the year, and the investment remains in place.
Reserve policy
The Trustees have not established a reserves policy at the current time, because of its substantial net assets, but will do so as its activities increase.
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Aneinu Limited Report and financial statements For the year ended 31 May 2023
Going concern
No issues at the current time.
Principal risks and uncertainties
The trustees have reviewed the assets of the charity to ensure that they are invested in a way that will protect their long-term value and regular consider ways that the reserves can be used to help support its charitable activities for the future.
Plans for the future
The Trustees look to maintain their active assessment and grant making activities in the year ahead
Structure, governance and management
The company was incorporated on 11 May 2017, as a company limited by guarantee, and registered as a charitable company on 15 September 2017.
The trustees, who are also the directors for the purpose of company law, and who served during the year were Claude Amar, Anne Amar and Neil Schiff. None of the trustees has any beneficial interest in the company.
The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. The number of trustees shall not be subject to any maximum but shall not be less than two. The appointment and training of a new trustee is subject to the oversight of current trustees. There are no specific restrictions imposed by the governing document concerning the way the charity can operate.
Volunteers are not used by the charity to fulfil any charity or operational activities.
Related parties and relationships with other organisations
There were no related party transactions during the year.
Remuneration policy for Trustees and key management personnel
There are no key management personnel. The Trustees, who are Directors of the company, are not paid for their services and do not claim for any expenses related to their work for the Charity.
Statement of responsibilities of the trustees
The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
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Aneinu Limited Report and financial statements For the year ended 31 May 2023
In preparing these financial statements, the trustees 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 judgements and estimates that are reasonable and prudent
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State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 May 2023 was 3 (2022: 3). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Statement as to disclosure to our auditors
In so far as the trustees are aware:
-
There is no relevant audit information of which the charitable company’s auditors are unaware; and
-
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Auditors
Goldwins Limited, appointed as the auditors of the charitable company in November 2018 have expressed their willingness to continue in that capacity.
The trustees’ annual report has been approved by the trustees on …………………………….. 2024
and signed on their behalf by; ……………………………………. Neil Schiff Trustee
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INDEPENDENT AUDITORʼS REPORT TO THE MEMBERS OF ANEINU LIMITED YEAR ENDED 31[ST] MAY 2023
Opinion
We have audited the financial statements of Aneinu Limited for the year ended 31 May 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Opinion on financial statements
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company’s affairs as at 31 May 2023 and of its income and expenditure for the year then ended:
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information.
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INDEPENDENT AUDITORʼS REPORT TO THE MEMBERS OF ANEINU LIMITED YEAR ENDED 31[ST] MAY 2023
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
• the trustees’ report (incorporating the directors’ report) has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees’ remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of the trustees
As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
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INDEPENDENT AUDITORʼS REPORT TO THE MEMBERS OF ANEINU LIMITED YEAR ENDED 31[ST] MAY 2023
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
-
We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
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identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
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Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
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The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
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We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
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We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
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We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
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In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance.The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.
……………………………….
Anthony Epton (Senior Statutory Auditor)
for and on behalf of
Goldwins Limited
Statutory Auditor
Chartered Accountants
75 Maygrove Road
West Hampstead London NW6 2EG
20 February 2024
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ANEINU LIMITED Statement of financial activities
(incorporating an income and expenditure account)
For the year ended 31st May 2023
| Note Income from: Donations 2 Total income Expenditure on: Charitable activities 3 Total expenditure 5 Net gains on investments Net (expenditure) for the year Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 10 Net (expenditure) before net gains on investments |
2023 Unrestricted funds £ - - 703,847 703,847 (703,847) 371,479 (332,368) (332,368) 5,938,124 5,605,756 |
2023 2022 Total funds Total funds £ £ - 113,960 |
|---|---|---|
| - 113,960 |
||
| 703,847 1,031,015 |
||
| 703,847 1,031,015 |
||
| (703,847) (917,055) 371,479 384,436 |
||
| (332,368) (532,619) (332,368) (532,619) 5,938,124 6,470,743 |
||
| 5,605,756 5,938,124 |
All of the above results are derived from continuing activities.
There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
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ANEINU LIMITED Balance sheet As at 31 May 2023
| Note Current assets: Investments 7 12 Liabilities: 8 10 Unrestricted funds Total net assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Funds: Total funds |
2023 2023 2022 2022 £ £ £ £ 4,481,368 4,797,948 1,128,388 1,142,176 5,609,756 5,940,124 (4,000) (2,000) 5,605,756 5,938,124 5,605,756 5,938,124 5,605,756 5,938,124 5,605,756 5,938,124 |
2023 2023 2022 2022 £ £ £ £ 4,481,368 4,797,948 1,128,388 1,142,176 5,609,756 5,940,124 (4,000) (2,000) 5,605,756 5,938,124 5,605,756 5,938,124 5,605,756 5,938,124 5,605,756 5,938,124 |
|---|---|---|
| 5,605,756 | ||
| 5,938,124 | ||
| 5,938,124 |
The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Approved by the trustees on
and signed on their behalf by:
Neil Schiff Trustee
Company registration no. 10766372
The attached notes form part of the financial statements.
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ANEINU LIMITED Statement of cash flows For the year ended 31st May 2023
| Note Cash flows from operating activities: Net cash provided by operating activities 11 Cash flows from investing activities: Gains on foreign exchange revaluations Sale of investments 7 Cash provided by 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 12 |
2023 2023 2022 2022 £ £ £ £ (704,901) (920,145) 3,054 1,130 688,059 553,313 691,113 554,443 (13,788) (365,702) 1,142,176 1,507,878 1,128,388 1,142,176 |
|---|---|
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
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.
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
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.
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.
n) 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.
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
2 Income from donations
| 2 Income from donations | |||
|---|---|---|---|
| Gifts and donations 3 Analysis of expenditure Basis of allocation Charitable donations Direct Foreign exchange Gains Direct Bank interest Administrater costs Bank charges Direct Audit fees Direct Support costs Governance costs Total expenditure 2023 |
Charitable activities £ 697,607 - - - - - |
Unrestricted £ - |
2023 2022 Restricted Total Total £ £ £ - - 113,960 |
| - | - - 113,960 |
||
| Support costs £ - (3,054) 67 - 7,227 |
Governance costs 2023 total 2022 Total £ £ £ - 697,607 1,018,486 - (3,054) (1,130) - 67 46 - - 4,139 - 7,227 7,474 2,000 2,000 2,000 |
||
| 697,607 4,240 2,000 |
4,240 (4,240) - |
2,000 703,847 1,031,015 - - - (2,000) - - |
|
| 703,847 | - | - 703,847 1,031,015 |
All the expenditure was unrestricted.
Charitable donations are to institutions for educational purposes or for the relief of poverty.
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
4 Analysis of expenditure (previous year for comparison)
| Basis of allocation Charitable donations Direct Foreign exchange (gains) / losses Direct Bank interest Administrator costs Bank charges Direct Audit fees Direct Support costs Governance costs Total expenditure 2022 |
Charitable activities £ 1,018,486 - - - - - 1,018,486 10,529 2,000 1,031,015 |
Support costs 2022 £ £ £ - - 1,018,486 (1,130) - (1,130) 46 - 46 4,139 - 4,139 7,474 - 7,474 - 2,000 2,000 10,529 2,000 1,031,015 (10,529) - - - (2,000) - - - 1,031,015 Governance costs |
|---|---|---|
All expenditure was unrestricted
Charitable donations are to institutions for educational purposes.
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
5 Net income / (expenditure) for the year
| This is stated after charging / (crediting): Auditor's remuneration Foreign exchange (gains) / losses |
2023 £ 1,667 (3,054) |
2022 £ 1,667 (1,130) |
|---|---|---|
6 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
7. Investments
| 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 |
2023 £ 4,481,368 |
2022 £ 4,797,948 |
| 4,481,368 | 4,797,948 | |
| 4,797,948 - (688,059) 371,479 |
4,966,825 - (553,313) 384,436 |
|
| 4,481,368 | 4,797,948 |
8 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Accruals | 2023 £ 4,000 |
2022 £ 2,000 |
| 4,000 | 2,000 |
9 Analysis of net assets between funds
| Net current assets Net assets at the end of the Movements in funds Unrestricted funds: General funds Total unrestricted funds Total funds |
year £ 5,938,124 As at 1 June 2022 |
£ 371,479 Income and gains |
£ (703,847) Expenditure and losses |
Unrestricted funds £ 5,605,756 |
Total funds £ 5,605,756 |
|---|---|---|---|---|---|
| 5,605,756 | 5,605,756 | ||||
| Transfers £ - |
£ 5,605,756 At 31 May 2023 |
||||
| 5,938,124 | 371,479 | (703,847) | - | 5,605,756 | |
| 5,938,124 | 371,479 | (703,847) | - | 5,605,756 |
10 Movements in funds
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ANEINU LIMITED Notes to the financial statements For the year ended 31st May 2023
11 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) (Gains)/losses on investments Increase/ (decrease) in creditors Net cash provided by / (used in) operating activities |
2023 £ (332,368) (374,533) 2,000 |
2022 £ (532,619) (385,566) (1,960) |
|---|---|---|
| (704,901) | (920,145) |
12 Analysis of cash and cash equivalents
| Analysis of cash and cash equivalents | ||||
|---|---|---|---|---|
| Cash at bank and in hand Deposits (less than three months) Total cash and cash equivalents |
£ 1,107,227 34,949 At 1 June 2022 |
Cash flows £ - (13,788) |
£ - - Other changes |
£ 1,107,227 21,161 At 31 May 2023 |
| 1,142,176 | (13,788) | - | 1,128,388 |
13 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.
14 Related party transactions
During the year the trustees made donations to the charity of £Nil (2022 £113,960).
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